Global In-Vitro Diagnostics Packaging Market 2016-2020

Market outlook of the global in-vitro diagnostics packaging market

Technavio’s market research analyst predicts the global in-vitro diagnostics (IVD) packaging market to grow at a CAGR of around 3% between the period of 2016 and 2020. The prospects for growth in this market are driven by the recent increase in diagnostic services and a rise in the incidence and prevalence of chronic diseases and infections. Additionally, the growing practice of self-testing by patients at home is a noteworthy factor that incites market growth during the forecast period.

The significant market growth observed in emerging countries is the key driver for the growth of this market. In recent times, it has been observed that product manufacturers are focusing on emerging economies, such as Brazil, Russia, India, and China (BRIC), to expand their operations. The improvement of the existing healthcare infrastructure in these countries will result in the augmented demand for IVD packaging during the forecast period.

Product-type segmentation of the in-vitro diagnostics packaging market

• Bottles and vials
• Tubes
• Petri dishes
• Closures